All You Need to Know Going into Trade On July 12

2018/7/12 7:13:14

Commodity Cues

  • West Texas Intermediate crude was at $70.57 a barrel after its 5 percent slide.
  • Brent crude traded 1.4 percent higher at $74.41 a barrel.
  • Gold was up 0.1 percent to $1,242.95 an ounce after slipping 1.1 percent.

 

 

 

 

 

 

 

 

 

 

By BQ Research @bloombergquint

12 July 2018, 4:53 AM

 

  • Asian stocks posted modest gains one day after a bruising selloff, despite lingering concerns around the U.S. and Chinese trade war that show little sign of abating. Shares in South Korea, Japan and Australia edged higher.
  • The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded nearly 0.2 percent higher at 10,964 as of 7:15 a.m.

 

Short on time? Well, then listen to this podcast for a quick summary of the article!

 

BQ Live

Here’s a quick look at all that could influence equities today.

U.S. Market Check

  • U.S. stocks fell as crude plunged the most in two years and the dollar spiked higher amid renewed tensions over trade and geopolitics.
  • The yield on 10-year Treasuries was little changed at 2.85 percent. 

Also Read: So Who Gets Hurt in Trump’s Trade War?

 

Europe Market Check

  • European stocks fell as the latest salvo in the U.S.-China trade conflict and concern about the future of Prime Minister Theresa May’s Brexit plans after two cabinet ministers resigned halted a six-day advance.

 

Also Read: Trump Sowing Divisions at NATO Seen as Helping Only Russia

 

Asian Cues

  • Japan’s Topix index rose 0.5 percent.
  • Australia’s S&P/ASX 200 Index gained 0.1 percent.
  • South Korea’s Kospi advanced 0.2 percent.
  • Hang Seng futures fell 0.2 percent
  • Futures on the S&P 500 Index advanced 0.2 percent.

Also Read: Trump’s Turned Asia Junk Investors Into Nervous Nellies

 

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https://www.bloombergquint.com/markets ... ing-into-trade-on-july-12

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